FEL is a great buy here for long term investorFEL share is selling at a price of 47% of its net asset value and at 2.6 time last year cash flow only, a bargin. They have a solid balance sheet with 175 millions not use that they can use for some goods acquisitions etc. and their hedging program of 37% of their nat gas at $6.63 per thousand cubic feet for 2010 will provide them all the cash needed for the 2010 drilling program of 150 millions. It is a great buy here and should provide a 50% gain with very low downside risk at this price, within 6 months. I average down today at $4.06.
good luck to everybody, pieroil